Is LOCALTRADE.CC a SCAM?

[Allyanna7]

I tried to withdraw 657,000 EDC from Localtrade.cc. It has said "Waiting for processing" for over 4 months now. No one responds or anything. I can't even cancel the withdrawal order.

Can anyone give me some insight? Have I been scammed over $10,000? Who can I contact to file a cryptocurrency fraud complaint? They are apparently based in England.

[Ken_terrance]

Who introduced such exchange to you? There is nothing good to expect from such exchange because I guess it's new, and most new exchanges are scam, from now on do research on best exchanges, I believe EDC is listed on other exchanges

[jossiel]

I'm not familiar with the exchange but with 4 months of withdrawal process? Do you still think that you'll get what you're withdrawing?

And btw, this probably might help you. I've seen their post dated back 2019 about EDC withdrawal.

From June 20th 2019 the access to the personal mining accounts will not be available anymore and to withdraw mining profit will be not be possible to return. Only initial EDC deposit can be returned on the Edinarcoinwallet from where it was sent.

Thanks for attention

This is why I don't invest in any cloud mining.

[Yaunfitda]

Lol, over 4 months now? It seems that this is a scam site.

I find this one: LocalTrade.pro,LocalTrade.cc scammers.

This is the supposedly Ann thread: Exchange crypto-currency LocalTrade, but it looks like it is a dead thread by now. Even the one who posted it, vanida_1, hasn't log-in for almost a year now.

Sorry to burst the bubble for you, it looks like you have been scammed. Not familiar with the legal laws pertaining to cryptocurrency in England though.

[thiscomm]

my question to you is who gives you advice for trading on the platform. You can answer the question to the person who informs this platform. maybe he has experienced something like that so you can get an answer from him. because I think that the longest withdrawal time is only max.4 bank days. and certainly within a day has entered into your wallet. so if this has taken almost 4 months or more it's likely you were fooled by that platform.

[Kvalentine]

It's no doubt the exchange is a scam and I've never heard about long withdrawal before, it seems you aren't 100% honest with your claim, that website looks like a trap haven and you have become a victim, next time take your time to do research

[Allyanna7]

I'm not familiar with the exchange but with 4 months of withdrawal process? Do you still think that you'll get what you're withdrawing?

And btw, this probably might help you. I've seen their post dated back 2019 about EDC withdrawal.

From June 20th 2019 the access to the personal mining accounts will not be available anymore and to withdraw mining profit will be not be possible to return. Only initial EDC deposit can be returned on the Edinarcoinwallet from where it was sent.

Thanks for attention

This is why I don't invest in any cloud mining.

I withdrew my EDC from the mining account before that deadline and into the regular account. I've had this account for nearly 2 years now.

[Thomas-s]

local trade is a 100 percent scam site. I followed this project during the bounty campaign phase. it was a year ago. the company did not pay the money to the bounty hunters. and there was always communication problems with the team . then I understood that I can’t trust and work with this project. Moreover, you can not deposit money on this site

[jossiel]

I'm not familiar with the exchange but with 4 months of withdrawal process? Do you still think that you'll get what you're withdrawing?

And btw, this probably might help you. I've seen their post dated back 2019 about EDC withdrawal.

From June 20th 2019 the access to the personal mining accounts will not be available anymore and to withdraw mining profit will be not be possible to return. Only initial EDC deposit can be returned on the Edinarcoinwallet from where it was sent.

Thanks for attention

This is why I don't invest in any cloud mining.

I withdrew my EDC from the mining account before that deadline and into the regular account. I've had this account for nearly 2 years now.

Well, I can't answer on what you should do with that. It's been 4 months since your withdrawal request and if it didn't proceed, the exchange is the one that's stopping you to withdraw it.

And upon you contacting them, you also mentioned that they are no longer answering. I think you should give up on it because the given time for the request should be enough to determine their legitimacy or even care for the concern of the customers.

[Akiko]

I tried to withdraw 657,000 EDC from Localtrade.cc. It has said "Waiting for processing" for over 4 months now. No one responds or anything. I can't even cancel the withdrawal order.

Can anyone give me some insight? Have I been scammed over $10,000? Who can I contact to file a cryptocurrency fraud complaint? They are apparently based in England.

if you are not able to widraw your balance then its prove that they are scam already.
Dont expect them to reply to your quaries because they will not give any good response your money is already in thier hand .

You can see many negative feedback in thier page you can check it here https://m.facebook.com/localtrade.cc/ .


It will hard for you to file a case since youll never know who own that website , about the address they are able to use mixer so it will harder for you to trace the address and who own that address.

[pacman7331]

Localtrade is a suspicious crypto exchange. I did not see a single Localtrade exchange trader since last year! I don't know why you chose that shit exchange for 10K USD investment! Their trading volume, activities are low to zero for a long time. You only can ask in their support mail, because their telegram group is not responsive enough! I hope you can get out with your fund from that shitty exchange!

[aemma]

I tried to withdraw 657,000 EDC from Localtrade.cc. It has said "Waiting for processing" for over 4 months now. No one responds or anything. I can't even cancel the withdrawal order.

Can anyone give me some insight? Have I been scammed over $10,000? Who can I contact to file a cryptocurrency fraud complaint? They are apparently based in England.

This is my first time of hearing about such exchange; did you check the exchange before registering? Because that is a big amount to start with. Also, there are chances that you have been scammed because taking over 4months and yet no reply or successful withdrawal speaks ill of such exchange and points to scam. I would suggest you visit the Telegram group of the coin you are trying to withdraw and ask questions about the exchange, you might get the way forward about it.